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Accredited Investor
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Any
natural person
whose individual net worth, or joint net worth with that person’s spouse or spousal equivalent,
exceeds $1 million (excluding equity in that person’s principal residence).
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Any
natural person
who had an individual income in excess of $200,000 in each of the two most recent years or joint
income with that person’s spouse or spousal equivalent in excess of $300,000 in each of those years and
has a reasonable expectation of reaching the same income level in the current year.
-
Any
natural person
who is a holder in good standing of the Series 7, Series 65, or Series 82 licenses.
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Any
trust
,with total assets in excess of $5 million, not formed for the specific purpose of acquiring the
securities offered, whose purchase is directed by a “sophisticated” person who is “sophisticated”.
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Any
entity
in which all the equity owners are accredited investors.
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Any
corporation
,limited liability company or partnership, not formed for the specific purpose of acquiring the
securities offered, with total assets in excess of $5 million.
-
Any
“family office"
”with at least $5 million in assets under management and its “family clients” as each term is
defined under the Investment Advisers Act of 1940.
-
See
Rule 501
for the full definition of “accredited investor”.
SEC Requirement
The SEC requires all Constitution Investors to be accredited investors. Income and net worth information is used to determine whether you qualify.